If you own a business, you need to obtain general liability insurance. However, you probably have a number of questions about this kind of coverage, especially if you are a start-up.
Some Key Questions to Ask
So, when you contact a general liability insurance company, you will want to make the following inquiries:
- Why should I buy coverage?
- What type of protection does this type of policy afford?
- How do I determine my coverage requirements?
- How does the insurance work?
Defining Liability Protection
In order to provide you with an answer to your questions, a representative from a liability insurance company must first define liability coverage. Liability insurance safeguards a company’s assets and pays for damages or obligations if someone is injured on company property. The damages or injuries must be caused by you as the owner or one or more of your employees.
Paying for Your Legal Defense
If you obtain coverage from a liability insurance company, then the plan will also pay for legal expenses for your defense. The protection will also pay for any award or settlement should another party be successful in his or her lawsuit against you. Typically, a settlement includes non-monetary losses, punitive damages, or monetary damages incurred by the other party.
A Very Small Price to Pay
Even if you think that you will not have problems legally, it is extremely unwise not to take out liability coverage. When you consider the cost of a policy in relation to what you could pay in legal fees or damages, it is a very small price to pay.
Where to Obtain a Free Quote
In order to find out more about the insurance and determine your own needs in this respect, take a moment and obtain a free quote from Ewing Insurance Agency on the Internet. The agency can be reached at or at 012-345-6789 by phone. Don’t do business without making the acquaintance of this company. You can connect with them on Facebook for latest news and updates!
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